BEAR DRAGON PATTERN
Fundamental Analysis:
My sentiment for the long term of the GBP is bearish because its central bank leave its monetary policy unchanged, and with the Brexit the inflation is going to increase, therefor it is most likely to go down . The sentiment for Canada is slightly bearish, because the BoC are most likely to leave the monetary policy unchanged, but with most central banks currently in easing cycle CAD has a comparatively neutral bias.
Technical Analysis:
The Price Action just broke a bear triangle giving a signal that it is gong to fall, So I sold in the pullback (0.618 FIB)
My sentiment for the long term of the GBP is bearish because its central bank leave its monetary policy unchanged, and with the Brexit the inflation is going to increase, therefor it is most likely to go down . The sentiment for Canada is slightly bearish, because the BoC are most likely to leave the monetary policy unchanged, but with most central banks currently in easing cycle CAD has a comparatively neutral bias.
Technical Analysis:
The Price Action just broke a bear triangle giving a signal that it is gong to fall, So I sold in the pullback (0.618 FIB)
כתב ויתור
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